Phillips 66 Repay Debt, Repurchase Shares and Raise Dividend

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  • 29 Apr '22 at 6:29 am #36080
    ThePitBoss
    Participant

    Houston based oil refiner Phillips 66 on Friday reported better than expected first quarter earnings. PSX Generated $1.1 billion of operating cash flo
    [See the full post at: Phillips 66 Repay Debt, Repurchase Shares and Raise Dividend]

    17 May '22 at 4:17 am #36868
    MoneyNeverSleeps
    Participant

    Biggest` out-performers within the S&P 500 this year have been energy stocks. Through Monday’s close, the energy sector was up a staggering 49% – making it the best-performing sector in the S&P 500 in 2022, and one of just two of the index’s 11 sectors to boast a positive return for the year-to-date.

    Majority of the top 10 best-performing stocks in the S&P 500 are energy names, including Occidental Petroleum (+134%), Marathon Oil (+70%), Valero Energy (+70%), and Halliburton (+64%).

    The energy sector comprises just 4.2% of the overall S&P 500 and has the fourth-lowest sector weighting, which helps explain why even marked gains in the sector have not translated into stronger returns for the index.

    23 May '22 at 11:22 am #37298
    ThePitBoss
    Participant

    Riding with other oil companies Phillips 66

    $PSX 95.50 +1.71, +1.8% fills the gap from Friday’s loss

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